cooling-off period business definition
- The required waiting period between a firm's filing a registration statement for a new security issue with the SEC and the time the securities actually can be issued. The cooling-off period is usually 20 days, although the SEC may alter it for individual issues. Also called twenty-day period, waiting period. See also effective date 2.
- A formal waiting period during which parties in a dispute can continue a dialogue. This is often applied to a labor conflict in which a union and employer are required to continue bargaining rather than strike or initiate a lockout.
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